I can lead a horse to water, but I can't make him drink !
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Fridays technical read...
For what it's worth...
American Bulls had this to say about Fridays activity and 5-day pattern.....
"Do not consider any new short positions given the bullish alert and the recent bullish momentum. Short sellers must cover their positions to prevent further losses...."
Interesting, when you couple this, with the removal from the "Naked-Short List", also on Friday.
http://americanbulls.com/StockPage.asp?CompanyTicker=CCTC&MarketTicker=OTC&TYP=S
View chart of last time removed.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p88583237544
CCTC was last rmoved from the "Naked Short-List" on Feb. 10th.
You can see what happened to the stock several days later.
Went from .04c to .42c
Removed from Naked-Short List" today !
http://www.buyins.net/tools/short_list.php?dys=-1
This is very good news !!!!
Stock should get a strong lift next week from this news.
that's what happened last Friday too.
typical for Fridays really.
taking postions before the weekend, in case PR comes out over the weekend or first thing Monday morning.
Drop below .14c would attract buyers,
a drop below .13c would scare a lot of holders,
good time for a PR is when everyone is selling,
but no signs of capitulation right now.....volume is too light.
Volume isn't huge, so .13c is possible
just to fill the "Gap" from March 1st.
the market is testing .14c right now,
but I suspect that .135c, the next support, will be tested soon.
Just like last Friday.....
the stock is falling toward the noon hour...
should rally into the close......
people want a position I would think, just in case PR comes out on Monday.
Big volume today would indicate news is just around the corner.
.135c is next support.....
we'll probably see volume pick up steam when .13c "Gap"
gets filled.
I suspect that when that happens, a rally will ensue, and we'll end the day on a climb up from the lows of the day.
They'll probably be able to fill the "Gap" at .13c,
from Monday March 1st, today.
The shorts are winning.....and I'm not..
Unless we see a surprise PR today,
looks like we'll have to wait until next week, to start makin'
any $$$$$.....
thought for sure today would be the day.
They filled the .145c "Gap"..
Will they take it down to the "Gap" at .13c?
They filled the .145c "Gap"..
Will they take it down to the "Gap" at .13c?
Dr.Pennystock and Shorts makin' $$$$
never heard that one before.....good one!
well.......looks like another boring day lies ahead of us...
no volume.....no news......
I'm gonna be taking an early nap today it looks like....
very profound, "Grasshopper"..
apparently, nothing to get excited about!
When the news comes out, I'm sure everyone will be "Yappin it up"
I think everyone, including me, is tired of the same old boring sideways, slow, low volume trades.....
we need some spikes to make us all come alive !!!
Since Feb.10th, CCTC has had higher lows.....
...more recently, since Feb. 24th, CCTC has had higher lows and higher highs, even though they've been small.
Make no mistake, with a rising set of moving averages, pps, and MACD line, this price pattern is BULLISH !
One can view this as a Pennant Formation, or a sideways symmetrical triangle.....both are BULLISH !
IMO, CCTC will see a one, or possibly two day spike, or spikes when the price breaks out of this pattern.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p28950375022
A Technical comparison,S&P 500 vs CCTC
...shows:
both have a Reverse Head & Shoulders Bottom pattern, which is BULLISH...
both have rising 9 & 18- day moving averages.....
both have rising MACD lines.....
both have the pps displaying higher lows and higher highs...
CCTC is lagging, however, it would only take a one day jump in its price to catch up to the S&P 500 and be at its current level in terms of pattern.
IMHO......a PR of substance, right now, would bring CCTC up to $1.00 and finish the completed mirror image pattern of the
S&P 500.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p30410762844
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p08288193388
I recall reading once, that a stock that tests a resistance area twice and is unsuccessful, usually makes it thru it on the 3rd try.
CCTC has attempted to penetrate .18c twice now.....maybe on the 3rd attempt, it will make it thru.
I think you're right.....
I could see (them) releasing the next PR
at around the after lunch time frame, just to catch
the shorts offguard.
That's what happened with DCGNQ on the 16th of Dec.
The stock was at .08c all morning, then suddenly, out of nowhere, at 1:57 pm comes the PR, and the stock zoomed to .30c over the next 2 hours.
http://stockcharts.com/h-sc/ui?s=DCGNQ&p=D&yr=0&mn=6&dy=0&id=p01507627600
Most PR's released after 15th of month
...and in the morning.
check out the dates on the last 8 PR's
Could be that Dr.Pennystock wants..
to BUY shares of CCTC.....and this is a "plant",
so he can pick up a lot of shares.
Anyone think that is possible?
Very interesting read...
I hope this is all wrong.
http://www.benzinga.com/trading-ideas/short-ideas/134026/clean-coal-techs-inc-is-a-short-target-by-tim-sykes-cctc
I guess we'll find out today if Dr.Pennystock is reliable, or not.
If the stock soars, we know to use his calls as a "contrarian view".
Dr.Pennystock
http://www.drpennystock.com/
...he has dropped CCTC from his list.....
he's telling his Gold Members to sell
Timing of next Press Release.
I did some research and found that of the last
7 releases......
half were released at 6 am
half were released at 7 am
and 1 was released at 10:52 am
...so I guess one could presume that we still have a chance for a PR at 10:52 am, since 6 am and 7 am have passed by us this morning already.
CCTC was dropped by this writer.
How reliable is this writer....does he have a good record for stock picks?
Dr.PennyStock:
CCTC – The Gold members received a sell recommendation at .0155 yesterday, a 5% profit, it’s a sell and is out of the list.
Do you see anything in the "technicals" of the chart that tells you when the next move up will be ?
When in March, do you think the signing will happen?
Some say March 15th.
Has been testing .155c for 3 days now.
Nothing but air underneath....will probably move down to .145c, and possibly fill the "Gap" at .13c any day now.
http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
Sideways Wedge pattern implies lower prices possible.
....probably at tomorrows open and throughout the day.
Friday, or Monday for the BIG move possibly.
http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
The 9 & 18 day MA's are converging closely.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p96374269892
A breakout should be near !
I think we'll see it hit .145c today,
and then a rally into the EOD close.
One certainly needs a lot of patience with (this) stock.
The last time I was this bored with a stock was when I owned DCGNQ....It was trading for .08c, and it seemed like it would never breakout of it. Then, at 1:57pm, out of nowhere, with no warning....the company released a PR, and for the next two hours the stock climbed to .30c and ended at .27c.
I'd like to hear your thoughts about why you think that PR is only a few days away, Admiral.
Do you see a technical set up timing wise?
or, do you have another reason.
Looks like no move again today,
...unless (they) have the strategy of unleashing the news at mid-day and catching the shorts off guard, the stock is in for another boring sideways trading range that will end lower on the day....which would set up a down day tomorrow (Thursday)...and then Friday would be a possible BIG move up day.
IMHO
a short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock.
Short squeezes result when short sellers cover their positions on a stock. This can occur if the price has risen to a point where short sellers decide to cut their losses and get out. Since covering their positions involves buying shares, the short squeeze causes an ever further rise in the stock's price, which in turn may trigger additional and short covering.
In the time from of 2/17/10-2/18/10 (2 days) CCTC Clean coal technologies went from .0449 to .42, an increase of nearly 1000% due to naked shorting and recently being on the REGSHO list.
The possibility of a short squeeze is one reason some analysts look at a high amount of short interest as a bullish indicator. Short Interest is the fuel, performance is the fuse.
CCTC "Short-Interest" reported Feb. 26th is up a staggering +7,882%.
Short-Interest JUMPS +7,882% reported Feb.26th......the average daily share volume is 28,124,337.
A rise in short-interest is considered very BULLISH !!!
(see it on Pink Sheets Board.)CCTC
Todays pattern, on a 15 minute chart, looks to be similar to that of last Wed.,and a continuation of the pattern could mean that tomorrows trading would be flat on the day, and that Thurs. could be a down day, and possibly Friday could then be the up day we've all been anticipating.
Is it safe to take a nap; will I miss a move up?
Seems like more of the same lack of action we have been seeing now for the last 5 days.....